Pilot Project: IOP Publishing Launches Subscription ‘Offsetting’ Arrangement With 21 UK Universities to Cut Cost of Open Access
A publisher has launched a pilot with 21 UK universities to reduce their subscription costs in proportion to the amount of open access fees they pay
The “offsetting” arrangement devised by the Institute of Physics’ publishing arm will allow universities that subscribe to its “hybrid” journals to publish more open access papers in them without incurring greater costs.
Steven Hall, managing director of IOP Publishing, said that the plans for the arrangement predated Mr Willetts’ [universities and science minister], arising out of discussions last summer with Research Libraries UK and the Russell Group.
The problem had been to devise a “scalable” model, meaning it would be possible for other countries to join in. He said a model in which all of the reductions in subscription price were focused on the institutions paying open access fees was unworkable.
He said the solution was to institute a sliding scale on which the split of price reductions between individual institutions and subscribers generally would be split. Initially 90 per cent of the reductions will go to the participating institutions. But as take-up of open access increases, a greater proportion of the savings will be passed on to subscribers generally, up to a maximum of 90 per cent.
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Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com. Gary is also the co-founder of infoDJ an innovation research consultancy supporting corporate product and business model teams with just-in-time fact and insight finding.